Do you propose demolition of mass early suburban housing from the 1940s and 1950s to be replaced by New Urbanism?
Suburban new urban renewal
Suburban new urban renewal
SMSPlanstu wrote:Do you propose demolition of mass early suburban housing from the 1940s and 1950s to be replaced by New Urbanism?
Suburban new urban renewal
"If there ever was a poster child for a blighted site, this is the one."
digitalcaffeine wrote:
Brad Goss, an attorney for Whittaker, told the commission that the project would be "an appropriate front door" for the city and St. Charles County and would be unlike anything else in the county.
He and Tom Cunningham, an attorney for the city, asserted that it would produce significantly more tax revenue for schools and other local governments than "big-box" stores typically built in suburban areas — even during the period when much of it is diverted to the TIF.
"We want to do something that lasts," Goss said.
Cunningham disputed that notion. He said the inaccessible streets, severe sloping on the site and the cost of removing asbestos from existing buildings make redevelopment unlikely without a major subsidy. He noted that no major development has occurred at the site for 25 years.
SMSPlanstu wrote:TIF Commission meeting arguements
Cunningham disputed that notion. He said the inaccessible streets, severe sloping on the site and the cost of removing asbestos from existing buildings make redevelopment unlikely without a major subsidy. He noted that no major development has occurred at the site for 25 years.
One elderly resident who has lived in the city for 69 years gave the comment that little has occured for 47 years with this prime location.
Cunningham was phenomenal! The man gave multiple scenarios for the financial situation that disproved the County Executive and school district arguements about money. The TIF goes to public infrastructure and not to subsidizing the actual development. However, the public infrastructure is needed to make the development work. Cunningham gave the alternative scenarios based on a perfect site, a flat graded site without the existing slopes or asbestos. At maximum buildout the site could be a bug box store grossing $800,000, but as Plaza at Noah's Ark it will gross at minimum $14 million. The taxes and revenue generated will be beyond all measure and all special districts benefit. The school district is lax in its duties and shooting itself in the foot by not approving the TIF since it will greatly benefit financially far greater than a big box store.
Cunningham talked a lot about the difference in sprawl like developments like a big box store that are not long lasting and exist in each city. This development would be businesses that would attract shoppers to non-typical stores and even provide 1,100 residential units to support the retail and businesses. You can't get better than that!
Cunningham also spoke about this development being a cataylst for future similar developments that will require less in TIFs and pay mopre out-of-pocket because of the profit return and demand. This project needs a TIF in order to get the ball rolling on new urbanist styled redevelopment.
It was an exciting meeting and is stiking up urban visions in St. Charles County in the County's central city, St. Charles. Will members of this forum give up their anti-St. Charles attitudes and urban elitism to welcome the growing urban lifestyle trend in cities where it is possible?
Imagine that central city St. Charles would redevelop at Clayton as new urban blending with its historic small town urban and establishing streetcars or trolleys to connect along Main Street, Fifth Street, Kingshighway, and First Capital. Will members of this forum continue to belittle the possibilities of redeveloping St. Charles as urbanist with walkable densities and attractive mass transit such to image the future more sustainable America?
SMSPlanstu wrote: Will members of this forum give up their anti-St. Charles attitudes and urban elitism to welcome the growing urban lifestyle trend in cities where it is possible?
Grover wrote:Can we get some sweet urbanstl.com hats or somethin' so we can find one another at these things!?
tjacorn wrote:Grover wrote:Can we get some sweet urbanstl.com hats or somethin' so we can find one another at these things!?
Wow, that's actually a really good idea! Has anyone on this board made up such a thing? If not, I think it's pretty easy to do via internetland.
St. Charles panel turns down TIF for Noah's Ark site
A city advisory panel voted Wednesday against a $65 million tax subsidy for a massive commercial-residential development at the old Noah's Ark site.
The city's Tax Increment Financing Commission voted 7-4 to recommend against the subsidy for the $385 million project. The City Council has the final say.
Commission member John McGuire, president of St. Charles Community College, voted against the subsidy, questioning whether the city should subsidize upscale residences while there remains in St. Charles County a pressing need for low-income and "work force" housing.
Matt Brown, a county tax official who also voted to reject the proposal, said a TIF subsidy for the project would mean a tax burden on city taxpayers, many of whom are elderly, and on the public school system.
Commission Chairman David Arns, who voted in favor of the TIF recommendation, said the proposed subsidy was large but so would be the city's economic benefit. Arns, a Lindenwood University professor, called the Plaza at Noah's Ark an "anchor project" for the area.
Developer Greg Whittaker is proposing the commercial and residential complex to replace the vacant Noah's Ark restaurant and motel. A Whittaker representative said a tax increment financing subsidy of $65 million to build parking garages and other infrastructure is needed to develop 1,100 residential units and about 500,000 square feet of commercial space.
After defeating the proposal to recommend a $65 million TIF, commissioners discussed whether to tell the council that most members favor Whittaker's project but with a smaller public subsidy. Commissioners discussed the matter at length but adjourned without taking further action.
Under questioning by commissioners, Whittaker's representative, lawyer Brad Goss, said a TIF of $45 million could be acceptable.
Mayor Patti York and City Councilman John Gieseke both said Wednesday they favored the TIF requested by the Noah's Ark developer and hope that the council approves it. Former Mayor Grace Nichols, who is running against the two in the Feb. 6 mayoral primary, said she is undecided and will review the issue.
Under TIF financing, a portion of new local sales and property tax dollars generated by the project help pay for related improvements such as streets, sewers and garages.
trent wrote:It's easy and popular for politicos to champion the public schools that get shafted by these TIFs. But that's only because there is little to no understanding from the general populace in regards to how a TIF works.
Council approves $55 million in aid for Noah's Ark site
By Mark Schlinkmann
01/24/2007
A $55 million tax increment financing subsidy for a commercial-residential development at the old Noah's Ark site won City Council approval on Tuesday night.
The council voted 6-3 for the plan, despite a negative recommendation this month from the city's Tax Increment Financing Commission. The original proposal, for $65 million in tax increment financing, was scaled back.
The developer, Greg Whittaker, hopes to begin clearing the 26.8-acre site this spring and start construction next year on the $385 million Plaza at Noah's Ark.
"We're going to have an entire community created where people can live and they can work — and where we're going to attract people in for shopping and things they can't get anywhere else," said a supporter, Councilman Rory Riddler, 1st Ward. "This is going to be a true destination."
The high-density complex is to include an 18-floor residential tower, several condo buildings with lower-floor shops and restaurants and offices, a 10-to-14-story hotel, a movie theater and an outdoor ice rink. The site is at the Interstate 70 interchange with South Fifth Street, just west of the Missouri River.
The tax increment financing subsidy assigns a portion of additional local sales and property tax dollars generated by a project for as long as 23 years to help pay for garages, streets, sidewalks, sewers, demolition and other items.
Supporters said the TIF — the largest ever awarded in St. Charles County — is needed to spur a project with the size and long-term economic benefit of the type Whittaker plans.
Opponents such as Councilman Michael Weller, 5th Ward, said the subsidy is too much and that public money shouldn't be used to build garages that will be used partly by residents of the complex.
Others contended that local governments would be shortchanged. "I know when someone's hand is in my back pocket," said Bruce Sowatsky, who heads a county children's services agency that gets sales tax revenue.
Supporters have said that even with some tax dollars diverted to the TIF, governments still will get more revenue from the site than they do now.
Joining Weller in voting against the bill were Council President Bob Kneemiller, 4th Ward, and Dottie Greer, 7th Ward.
The bill's sponsor, Mark Brown, 3rd Ward, was absent. Greer said Brown couldn't attend because of a problem at his business.
The council voted 8-1 to assign a $1.25 million payment from the TIF to the financially pressed St. Charles School District. The district board had voted to oppose the subsidy.
The complex also will include a pool and fitness center planned by a nonprofit organization promoting accessibility for the disabled. That group already owns part of the site.
The Noah's Ark motel shut down in late 2002, about two years after the closing of the ark-shaped restaurant that had been a local fixture since 1968.
The TIF bill also authorizes a community improvement district, which would allow a special property tax and sales tax at the site. That would raise an additional $10 million for the project.
Whittaker said some details still must be worked out, such as road access. Whittaker also will ask state officials to earmark $10 million in new state sales tax revenue from the project to related improvements.
